313 S Broadway, Santa Ana, CA 92701

$1,399,000
2,964
SqFt
List Price
$1,399,000
Status
ACTIVE
MLS#
OC20150050
Year Built
1955
Living Sq. Ft
2,964
Lot Size
6,098
Acres
0.14
Lot Location
36-40 Units/Acre
Days on Market
10
Property Type
Multifamily
Stories
Two Level

Property Description

The property presented for sale is a five-unit apartment building located just south of the city and county center. Residents of the three 1-bedroom/1-bath and two 2-bedroom/1-bath units will benefit from the numerous schools, shops, parks and city/county services that are within walking distance of the property. The continued appreciation in this market offers an investor an opportunity to own in in a top national rental market. The Broadway Apartments presents a new investor the opportunty to capitalize on a stablized asset that is insulated from the effects of rent control due to the fact that the current owner has stayed up-to-date with market rate rents. The building is indivially metered for Gas and Electricity, it does not have a house meter for either. This keeps the expenses low and minimizes surprises for a new owner. The Broadway Apartments has a seasoned tenant roster with the oldest tenant dating back to 2007 and tenants enjoy the buildings nicely maintained grounds. The buildings have newer dual-pane vinyl windows, pitched roofs, and ample parking with four garage spaces and two open spaces.

Additional Information

Tract Number
548
Lot Description
Curbs, Sidewalks, Street Lights, Urban
Pool Description
None
View
None
Roof
Asphalt
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Total Number of Units
5

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Jason Kirklen from Vantis Capital Advisors

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.